And because we want to prevent that feeling, we’re all too willing to do something that’s actually not that financially wise. Most of us simply want to know that we won’t have to worry about this down the road. And as a consequence, we often pay too much money for that solace, he maintains.

If you’re the type that might sleep easier thanks to the additional peace of mindan extended warranty might offer, go right ahead. But at least understand why, he suggests.

Do you generally buy extended warranties? Using what criteria? How have things worked out?